chapter  13
11 Pages

Towards Balanced Equilibrium Growth

THIS concluding chapter is intended to elucidate the precise mechanism whereby an economy may achieve and maintain an ideal pattern of balanced growth with full employment but without inflationary or stagnationary divergent tendencies. To relate our discussion with the more or less familiar growth models of Harrod and Domar, we shall first review those models with a specific view to discovering the nature and mechanism of balanced growth involved.